KUALA LUMPUR: United Overseas Coffer (Malaysia) Bhd (UOB Malaysia) is accouterment abatement measures such as adjustable repayments to its barter in Malaysia afflicted by the beginning of Covid-19.
The coffer said these measures affirmed its charge to angle by its barter through all bazaar altitude and to lending abutment to the initiatives put in abode by Coffer Negara Malaysia to advice afflicted businesses and individuals
UOB Malaysia said for its accumulated clients, in accurate the small- and medium-sized enterprises (SMEs), and alone customers, it would accommodate added adaptability in their banknote breeze administration to affluence their cyberbanking burden.
The abatement measures alien by UOB Malaysia for both its accepted and Islamic cyberbanking barter include:
• Moratorium on their accommodation repayments for up to one year;
• Adaptability to appeal addendum of barter bills crumbling amid March 18 and 31 2020 for audience with acceptable clue records. Audience can additionally accept to accord their barter repayments at the aboriginal ability date;
* Applications for the government-administered Special Abatement Facility through UOB Malaysia; and
* Review to admission added accessories based on clients’ costs needs for those who charge admission to added financing.
Relief measures for afflicted alone barter include:
* Moratorium of up to six months on their claimed loans, mortgages and acclaim cards;
* Interest-only repayments or acquittal anniversary of up to six months on acclaim agenda repayments; and
• Accommodation of requests by barter to reschedule and to restructure their mortgages, claimed loans and acclaim agenda repayments.
UOB Malaysia CEO Wong Kim Choong said the coffer was committed to acknowledging and to allowance its barter impacted by Covid-19 and we will acknowledge apace in allowance them allay their cyberbanking burden.”